The realm of cryptocurrency has witnessed the creation of thousands of meme coins, most of which are seen as pure parodies without much substance. In the same breath, meme coins like Pepe Coin combat this limited impression, even if they may have started off as jokes. Pepe demonstrated its impactful nature and practical applications, justifying the staying hype surrounding it. In other words, the many price inflations recorded by PEPE through time sprout from its real use cases, too, and not just the rise to popularity of meme coins or the asset’s association with the viral internet meme Pepe the Frog.
How is PEPE being used, and what is its contribution to the social and financial world? Let’s dissect this meme coin, one of the cryptos basking in tremendous internet fame.
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Service and products payments
Pepe Coin is used as a cryptocurrency to pay for ordinary transactions, such as air flight tickets, Starbucks coffees, McDonald’s meals, and so on. It’s as easy as scanning QR codes or introducing card payment data to finish transactions, and it lasts around the same time. The spiking adoption of e-wallets resulted in the development of numerous, stress-free ways to manage and spend Pepe Coins via smartphones. For instance, customers can look for merchants offering products in exchange for cryptos – with PEPE included – and enter the payment address or scan the merchant’s QR code for crypto transfers.
The transaction gets checked and logged onto the PEPE’s blockchain, Pepe Coin, guaranteeing security and reliability. This effortless way of paying with Pepe Coin makes it a viable choice for daily crypto transactions, especially as many services and platforms back this solution. Interested parties can use online crypto exchanges to acquire Pepe Coin or use already-owned coins. Customers seeking substituents to traditional fiat money resort to Pepe Coin for various reasons, including the rising crypto acceptance, the blockchain’s low transaction fees, the currency’s decentralized nature, and the fact that crypto transactions don’t need involvement from go-betweens like banks.
Fundraising and charity
Pepe Coin differentiates from other meme-based cryptos due to its involvement in charitable campaigns. The project gives away a considerable percentage of its returns to different benevolent causes, including environmental preservation and animal welfare. This engagement has drawn in a loyal following of investors who want to make the most of both worlds, namely profits and social implications alike. It’s not just PEPE that bridges the gap between philanthropy and profit-making.
Communities around these altcoins establish charitable events or fundraising campaigns, allowing those eager to donate their coins to boost a cause. The community around Pepe Coin, for instance, has organized crowdfunding campaigns for altruistic purposes and endorsed the project via social media platforms, relying on philanthropists’ goodwill.
SAVE THE FROGS
One of the most substantial efforts done by the Pepe Coin team is founding and pushing the #Save the Frogs philanthropic organization. It’s impressive in that it’s recognized as the most helpful amphibian conservation organization worldwide, contributing to efforts to protect frog populations and encourage a society that cares for the ecosystem.
A year ago, the organization gained $42,069 from the crypto meme community, which founded its grants program for the year. In addition to PEPE, benevolent investors in the retail and institutional space can send Bitcoin, Ethereum, USDT, USDC, Binance Coin, Algorand, and Froggies Token, as well as a few other cryptos, under specific terms and conditions.
Strong community backing
Pepe Coin’s usability is also driven by a highly involved and dynamic community – traits that are easily decipherable from fundraising efforts like the one mentioned above. Pepe’s community is crucial in endorsing the asset and prompting its embracement among newcomers.
Numerous meme coins circulating online, combined with influencer participation and social media buzz, are strong examples of community backing — helping PEPE gain traction and build credibility in broader markets. Pepe Coin’s community is thriving online, with X (ex-Twitter) amassing over 789K followers and the Telegram group surpassing 32K members. These social platforms help build and maintain engagement, a crucial element since the coin’s worth depends on ongoing interest.
Tokenomics
Pepe Coin is developed on the Ethereum blockchain as an ERC-20 token—a standard allowing for the creation of fungible tokens on the chain. Many other cryptos share the same creation model, including USDC, Tether, Wrapped Bitcoin, Wrapped Ether, and Bitcoin Cash. ERC-20 tokens have various applications and can serve as project shares, loyalty rewarding systems, or proof of asset ownership.
Initially, the Pepe Coin’s entire supply stood at 420.69TN tokens, out of which half were burned to slash supply and boost demand. The maximum supply remains capped at that mark. The interesting part is that this limit was already touched, in part because of coin reintroductions.
Pepe’s token distribution mainly seeks to boost trust in the community. Nearly 93.1% of the tokens were introduced into the liquidity pool, while the liquidity provider tokens were permanently burned and the contract relinquished to increase transparency and trust. In contrast, the rest of the 6.9% of coins are safeguarded in a secure e-wallet for further use, including activities like centralized exchange listings, liquidity pools, or bridges.
The last words
Pepe Coin is one of the most popular and valorous altcoins, issued in 2023 and traded for around $$0.000000001 per token. The lowest mark hit was $0.0000000000101062, while the highest record stabilized at $0.000028. It has shed numerous zeros over the years, rising by more than 1,400% since last year only. In time, it managed to jump to #31 in the top largest cryptos by market cap, boasting a market cap of $2.64 by writing time.
Despite the asset’s fame and use cases, it’s important to remember that, like other meme coins, its price has been pretty erratic. If you want to invest in Pepe Coin, remember that keeping an eye on social media trends and events is key to warding off any potential losses caused by news that emerge overnight and can play with your crypto’s value.
